Welcome to our dedicated page for Allakos news (Ticker: $ALLK), a resource for investors and traders seeking the latest updates and insights on Allakos stock.
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Allakos Inc. provided a business update and reported financial results for the first quarter of 2024. The company completed dosing in various trials for its AK006 drug, published preclinical research, and presented data at a major conference. Upcoming milestones include reporting trial results and financial outlook remains stable. Allakos ended the quarter with $139.3 million in cash, showing a net decrease of $31.5 million. The company reported increased R&D expenses due to manufacturing costs and a non-cash impairment charge, resulting in a net loss of $71.1 million.